Industry bodies like Confederation of Indian Industries (CII) expect the government to announce a budget which would support economic growth and employment.
They expect that the government does not frame a populist budget even though election is just a year away.
Call for a reform-oriented budget is becoming louder as the economic growth has slowed down substantially in the last one year. The country recorded 9-year low annual economic growth of 6.5 per cent in 2011-12.
The economy has grown by 5.4 per cent in the first half of this fiscal (April-September). The government expects to close the fiscal year under 5.7 per cent.
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